Financial Performance - The total revenue for the year ended December 31, 2024, was HKD 351,375,000, representing an increase of 6.5% compared to HKD 331,204,000 in 2023[4] - Net other income increased significantly to HKD 3,945,000 from HKD 1,811,000, marking a growth of 118.5%[4] - Operating profit for the year was HKD 24,894,000, a slight decrease of 1.0% from HKD 25,148,000 in the previous year[4] - The net profit attributable to equity shareholders was HKD 18,972,000, down 5.3% from HKD 20,025,000 in 2023[4] - Basic and diluted earnings per share decreased to HKD 3.78 from HKD 3.99, reflecting a decline of 5.3%[4] - The group reported a pre-tax profit of HKD 22,407 for 2024, compared to HKD 23,981 in 2023, reflecting a decrease of 6.6%[18] - The net profit for the year ended December 31, 2024, was approximately HKD 18,600,000, a decrease of about 7.4% compared to the previous year, attributed to adverse market conditions in Macau and increased employee costs[48] Assets and Liabilities - Total assets decreased to HKD 219,829,000 from HKD 263,730,000, a reduction of 16.6%[5] - Current liabilities decreased to HKD 165,182,000 from HKD 180,220,000, indicating a decline of 8.3%[5] - The company's net asset value decreased to HKD 106,751,000 from HKD 113,271,000, a decrease of 5.8%[5] - The group’s total non-current assets in 2024 were HKD 68,757, compared to HKD 30,311 in 2023[21] - The group reported a current asset net value of approximately HKD 54,600,000 as of December 31, 2024, down from HKD 83,500,000 the previous year[49] - The asset-to-liability ratio as of December 31, 2024, was 0.01, consistent with the previous year[50] - As of December 31, 2024, the group had bank borrowings of approximately HKD 1,000,000, down from HKD 2,000,000 in 2023[57] Revenue Breakdown - Supply chain management services revenue for 2024 was HKD 151,798, a decrease of 3.6% from HKD 156,510 in 2023[13] - Marketing and sales revenue increased by 14.2% to HKD 199,577 in 2024 from HKD 174,694 in 2023[13] - Revenue from external customers in Hong Kong increased to HKD 281,269 in 2024, up 27% from HKD 221,427 in 2023[21] - Revenue from external customers in Macau decreased by 36.3% to HKD 70,106 in 2024 from HKD 109,777 in 2023[21] - The company's revenue increased from approximately HKD 331,200,000 for the year ended December 31, 2023, to approximately HKD 351,400,000 for the year ended December 31, 2024, representing a growth of about 6.1%[43] Dividends - The company declared dividends totaling HKD 15,054,000 for the year, compared to HKD 10,037,000 in the previous year[6] - The company reported a total dividend of HKD 25,091,000 for 2024, compared to HKD 20,074,000 in 2023, including a special dividend of HKD 10,037,000[34] - The board declared an interim dividend of HKD 0.01 per share, totaling approximately HKD 5,018,000, payable on September 30, 2024[53] - A special dividend of HKD 0.02 per share, totaling approximately HKD 10,037,000, was declared and will be paid on January 2, 2025[53] - The proposed final dividend of HKD 0.02 per share, subject to shareholder approval, will be paid around July 2, 2025[54] Employee and Operational Insights - Employee benefits expenses were approximately HKD 65,700,000 for the year ended December 31, 2024, compared to HKD 63,700,000 for the previous year, reflecting an increase mainly due to salary raises[45] - The group employed 183 full-time employees as of December 31, 2024, a decrease from 206 employees in 2023[60] - The company is focusing on inventory management and enhancing operational cash flow control, resulting in a decrease in overall inventory levels[41] - The company has begun providing cold chain services to an existing client, enhancing customer relationships and offering comprehensive logistics solutions[40] - The company has successfully established a new distribution partnership with an Australian cookie and snack manufacturer for Hong Kong and Macau[39] Governance and Compliance - The company has established an audit committee, nomination committee, and remuneration committee to ensure proper governance practices[73] - The company has adhered to the corporate governance code, except for the separation of the roles of chairman and CEO, which is deemed appropriate in this context[74] - The board consists of experienced individuals, including three independent non-executive directors, ensuring a balance of power and responsibilities[74] - The Audit Committee was established on December 16, 2015, to ensure effective internal controls and risk management within the company[75] - The Audit Committee is currently composed of three independent non-executive directors, with Ms. Lai Ying Ying serving as the chairperson[75] - The Audit Committee has reviewed the annual performance of the group for the year ending December 31, 2024[75] Market Conditions - The local GDP in Hong Kong is projected to grow by 2.4% in 2024, while the total retail sales value index decreased by 7.3% compared to 2023[36] - Macau's local retail sales value decreased by 15.5% year-on-year as of the third quarter of 2024, indicating a challenging market environment[37] - The company maintained profitability despite a challenging operating environment in 2024[38] Shareholding Structure - The total equity held by directors and key executives amounted to 97,200,000 shares, representing 19.37% of the issued share capital[64] - Best Matrix Global Limited holds 143,796,000 shares, representing 28.65% of the company's issued share capital[67] - Leader Speed Limited owns 76,060,000 shares, accounting for 15.16% of the total issued shares[67] - Orange Blossom International Limited has 82,088,000 shares, which is 16.36% of the company's issued capital[67] - Li's total shareholding includes 147,764,000 shares, with 143,796,000 shares held by Best Matrix Global Limited and 3,968,000 shares directly owned[66] - Lu's total shareholding consists of 81,912,000 shares, with 76,060,000 shares held by Leader Speed Limited and 5,852,000 shares directly owned[66] - The company has not entered into any arrangements that would allow directors to benefit from purchasing shares or bonds of the company or any other entity[69] - There are no significant contracts in which the company's directors have a direct or indirect material interest[70] - The group has no significant contingent liabilities as of December 31, 2024[58] - The capital structure includes equity interests and will be reviewed regularly by the board[56] - The group has not purchased, sold, or redeemed any listed securities during the year[62]
环宇物流(亚洲)(06083) - 2024 - 年度业绩